LONDON, May 1, 2013 — BNY Mellon, the global leader in investment management and investment services, has further enhanced its global transfer agency offering with a new retrocession servicing capability that enables asset managers to process fees and commissions more efficiently.

Retrocessions are a key element in the provision of flexible compensation schemes. This latest enhancement aims to reduce operational and financial risk by eliminating the manual intervention typically required when terms and conditions are established between asset managers and contracting parties as part of distribution agreements.

Clients also benefit from more flexible data importing capabilities, which eliminate workarounds and manual entry, when it comes to the provision of data for trailer fee calculations, which historically have posed issues due to a lack of standardisation.

Jon Willis, Head of Transfer Agency for Europe, Middle East & Africa and Asia-Pacific, Asset Servicing at BNY Mellon, said: "We are looking to lower operational and financial risk for both transfer agents and asset managers. This new process is safer and more transparent, and reduces financial risk through embedded asset control. This new capability means we are well positioned to accommodate the requirements that will emerge under a single operating model, as well as the changes resulting from regulatory reforms like MIFID 2."

To facilitate these enhancements, BNY Mellon has partnered with abraxas GmbH, a leading software development company.

BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or administration and $1.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.

This press release is issued by The Bank of New York Mellon to members of the financial press and media. All information and figures source BNY Mellon unless otherwise stated as at March 31, 2012. The Bank of New York Mellon, London Branch, registered in England and Wales with FC005522 and BR000818. Branch office: One Canada Square, London E14 5AL. Supervised and regulated by the New York State Department of Financial Services and the Federal Reserve. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.

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